I have done my homework here and you will love the analysis as its the charts that telling me and charts don't lie.
- XLF holding triple bottom support 15m, holding above yeseterdays low bounce off of it 3 times today, first initial sign for the bulls. Now bulls need the hourly trend change for XLF back to an uptrend to help SPY - QQQ's drop may seem a lot today due to how fast we pulled back from the morning but we are still way above 0.386 fib retracement on daily therefore...
- After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning. - QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ. - need to confirm a hourly uptrend to set the daily higher low for bulls. - would like to see...
Last week i mentioned the 15m 12 EMA guide for holding onto profits for both SPY and QQQ which we bounced off again this morning. After we broke the 15m 12EMA today i took a day trade on SQQQ and sold it close to the end of the day because we are still in a strong hourly uptrend and I do not want to hold overnight playing countertrend. Notes: - still need to...
Welcome back! Let me know your thoughts in the comments! **SPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to...
A deep technical analysis as to why I took profit on my 8000 shares of TQQQ and some mistakes I made on my trade that I could of done better. - Also what to look for on Monday, Monday is likely a buying the dip opportunity day for the next move up on SPY and QQQ, i explained what we should be looking for to be buying in again. - the weekly higher low is set and...
Yesterday I talked about how bears had no follow though at market open and bulls took over after we broke above resistance and that we will very likely get another bull move today higher. - Both SPY & QQQ were trending on the 12 EMA super strong and did not break below it at all - bull 100% comfortable holding their positions throughout the entire day with zero...
I am very confident about my trade setup for SPY & guys you will also understand the logics. This is not an indicator based trading setup it is all logical. A mistake done twice is not a mistake it is a decision. Trade safely
CPI data, jobless claims, housing starts! The Economic Calendar has a full week ahead and I believe this will be one of the deciding factors into what the market will do in this pullback. Broke an important supply zone around 408/409 and pulled back Thursday and closed on it on Friday. This week my eye is on data and if we break above 408.85 to take profit at...
What a day so far, back and forth with sellers & buyers. That means a lot of opportunity to benefit from Calls & Puts. Pay attention to the levels that I have drawn out on the 15-minute chart, I will make another video close to market close @ 4:00pm to show how strong my levels are. If you made some trades today share them with me guys, Good or Bad.
Bottom in? Or is there more downside? Post your comments here. Let's discuss.
TraderMan PennyPorkChop looks out for opportunity to survey and examine the latest value activity in the market in a way that makes it helpful to you. Utilizing Technical Analysis, I play out an insiders view of the activity in the financial exchanges today and gives you my Day Trading of 6 years of Trading Volatile current market , examining market patterns ,...
Hey Everyone, in this video we discuss the large swings we expect for 2022 and what might be setting up for the next few quarters on the stock market.
In this video I cover the S&P 500 using basic TA and price action!
And here we go with SPY going to see some new levels coming back around, history doesn't lie. Always look backwards on the chart.
Market should rally tomorrow. $319.70 is key support on spy. As long as we stay above $319 I am bullish. PT is $323 If you want to be safe then wait for the break of $321.
My new toy says Long SPY on Monday morning for day trade.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!